National Payment Card System Published Tariffs and Rules

    Photo: Press Service of NSPK JSC

    NSPK, the national system of payment cards, announced a tariff plan, and also published the rules for the Mir card. At the same time, the system tries to provide maximum guarantees for the fulfillment of obligations by participants. In many cases, the NSPK set lower tariffs compared to international payment systems, Kommersant writes . Rules and tariffs of the NSPK are published on the official website of the Mir system.

    In particular, the published document indicates the need to create a guarantee fund, where banks must deposit funds in the amount of a five-day turnover, moreover, this applies to both issue and card acquiring. In addition to the deposit, banks are invited to provide NSPK with irrevocable guarantees. The system will independently calculate the minimum limits for participating banks.

    In order to be able to connect to the NSPK, the bank must have the status of a significant player in the payment services market (this is 51 banks), or be a direct participant in other socially significant payment systems. Since banks that are affected by the sanctions do not fall under these criteria, a reservation is made for them, which states the following: “their activities or their affiliates are limited or prohibited outside the Russian Federation due to the adoption of legislative or other acts by foreign states or their associations.” For participants fines have been installed and systems, for example, a violation of the rules of the system or the appearance of regular failures in the hardware and software systems of banks may be fined up to 500 thousand rubles.

    As for tariffs, the interbank commissions that the acquirer bank must pay to the issuing bank will be fixed. True, not for all cards, but only for debit and prepaid (3-4 rubles). It is planned to charge 0.5-2% with credit and premium cards. Such tariffs, according to some experts, can cause problems of a certain nature. “The debit card commission is very small and kills any method of stimulating the bank to issue such cards, in other systems it is about 1%,” says Nikolai Smirnov.

    “A commission of 0.5% is allowed on credit and premium products in retail chains with high turnover, which makes servicing such cards unprofitable - maintaining an irreplaceable limit, grace period and accruing bonuses,” says the head of the bank from the top 30.

    True, the NSPK leaves banks the freedom of choice in setting the size of the commission that is charged from the outlet by the acquiring bank. In such a situation, the trade lobby can get acquirer banks to lower their trade concessions in proportion to interbank commissions. “This means that for acquiring banks, servicing such cards will not be of particular interest,” a source in the Ministry of Railways said.

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